Marsh’s Sharing Economy Insurance Facility offers up to $10 million in dedicated primary non-admitted auto liability and excess casualty coverage to US companies participating in the sharing economy for livery and delivery services.
Marsh’s Autonomous Mobility Insurance Facility offers first-dollar liability and physical damage primary auto liability coverage of up to $1 million and $4 million in exclusive excess capacity for companies testing autonomous vehicles in the US.
“The world is on the cusp of a seismic shift in both personal and commercial mobility,” said Dave Carlson, US Manufacturing & Automotive Industry Practice Leader, Marsh. “Consumers and companies are increasingly willing to rely on ride-sharing services rather than own vehicles, and the growth of these shared mobility platforms will accelerate the adoption rate of autonomous vehicles.”
“These new facilities respond to emerging risks where previously there were few insurance solutions,” said Jose Heftye, Managing Director, Global Affinity, Marsh. “Marsh’s goal is to offer clients greater confidence that coverage will respond when needed so that they can focus on doing business across these emerging technologies.”
For more information on Marsh’s Sharing Economy Insurance Facility and Autonomous Mobility Insurance Facility visit www.marsh.com.